Elizabeth Park Capital Advisors, LTD.
Elizabeth Park Capital Advisors, Ltd. is a hedge fund manager headquartered in Pepper Pike, Ohio, founded in 2008 by Fred Cummings. The firm specializes in long/short equity and event-driven strategies, targeting investments across mid, small, and micro-cap U.S. banks and thrifts. Elizabeth Park is recognized as an African American-owned asset manager and serves a global client base. As of 2025, it manages assets for 7 clients, employs around 10 people, and is known for its disciplined process, risk analysis, and focus on U.S. bank equity markets.
Investment Strategy
Elizabeth Park Capital Advisors implements a long/short equity and event-driven investment strategy with a core focus on the U.S. banking sector, especially mid, small, and micro-cap banks and thrifts. The firm emphasizes capital preservation, rigorous risk management, and disciplined portfolio construction. It also manages collaborative investments supporting community bank technology and mission-driven banks, investing in CDFIs and MDIs nationwide. The approach is research-driven and actively seeks to generate alpha through security selection and market events.
Top Holdings
Equity Positions (40)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QCRH | QCR HOLDINGS INC | 5.06% | $5.6M | 83,100 | $30.44 | $67.90 | -$2.5M |
V VBTX | VERITEX HLDGS INC | 4.35% | $4.9M | 185,925 | $26.06 | $26.10 | +$1.9M |
B BMRC | BANK MARIN BANCORP | 4.24% | $4.7M | 206,855 | $23.77 | $22.84 | -$129.8K |
C CCB | COASTAL FINL CORP WA | 3.42% | $3.8M | 39,311 | $86.16 | $96.87 | -$464.4K |
H HBAN | HUNTINGTON BANCSHARES INC | 3.20% | $3.6M | 213,000 | $15.31 | $16.76 | +$1.3M |